Japanese Prime Minister Sanae Takaichi marked one year in office, having pushed a right-wing agenda centered on military buildup and constitutional revision while making little progress on economic and livelihood issues. Her government brought forward its target of raising defense spending to 2 percent of GDP by two years and lifted the ban on lethal weapons exports. Former prime minister Shigeru Ishiba criticized the administration and right-wing forces for being dishonest about wartime history, and analysts say Takaichi's approval ratings have begun to lose momentum. The fiscal 2026 budget reached a record high and government bond yields rose sharply, the yen kept weakening, and more than 95 percent of respondents in a Bank of Japan survey said prices had risen from a year earlier.
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